An economist claims that "the evidence suggests that high rates of inflation are associated with slow long-term economic growth." This is an example of

What's a normal good to me might be

A) a normal good to you. B) an inferior good to you. C) a bad to you. D) any of the above to you.

Refer to Figure 14.1. Other things equal, an increase in transfer payments is best represented as a movement from

A) point A to point B. B) point B to point A. C) point C to point A. D) point B to point C.